Scaling: It’s a term often tossed around in business and real estate, but what does it actually look like? Today on the BiggerPockets Podcast, you’ll see firsthand how one investor went from a small handful of single family houses to purchasing over $130,000,000 worth of apartment communities in just the past few years.

Our guest, Joe Fairless, has a great story that will show you how you can get started with larger multifamily properties, including several ways to find and finance those big deals. Whether you are looking for your first deal or a 250 unit apartment community, this is one show you can’t afford to miss!

In This Episode We Cover:

Joe’s background
His first property in Texas
Tips for those investing out-of-state
The benefits and dangers of buying properties virtually
Why he no longer does single family properties
How to qualify a market
Markets that Joe thinks work
Tips on finding partners and funding deals
What exactly a master lease is
How to network and get people in a deal with you
How much money he puts in each deal
How they find their apartment deals
What a stabilized property is
And SO much more!

Links from the Show

Books Mentioned in this Show

Set for Life by Scott Trench
Real Estate Investing for Dummies by Eric Tyson and Robert S. Griswold
Rich Dad Poor Dad by Robert T. Kiyosaki
The Driving Force: Six Human Needs by Anthony Robbins
Crucial Conversations by Kerry Patterson

Tweetable Topics:

“I’ve never visited the house before I’ve bought it.” (Tweet This!)
“The bigger dollars are in the value-add opportunities.” (Tweet This!)
“You want to have customers before you have a product.” (Tweet This!)

Connect with Joe

Learn more about your ad choices. Visit megaphone.fm/adchoices

227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless 01:26:15

BiggerPockets Real Estate Podcast

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227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless